Will I lose my home if I file bankruptcy?

The answer is no. A Government-Licensed Trustee will be there to help you through the process.

Bankruptcies and consumer proposals are government legislated options that may assist you in addressing your debt problems. In either proceeding, the bankruptcy or consumer proposal is filed with the Office of the Superintendent of Bankruptcy (OSB) and is a matter of public record.

​Of course, this is a trick question… Everyone needs an emergency fund.

In today’s ever changing market, the possibility of job loss for many individuals is a fact of life. It’s important to plan for unfortunate events and to know how to handle it if it does happen.

How often do creditors accept a debt settlement? How much do you have to pay to settle your debt?

I cannot pay off the minimum monthly debts payment by current incoming, how to claim personal bankruptcy, and how much it will charge me if I file bankruptcy?

What do I put in a letter for a formal proposal to creditors?

I am wondering if a life insurance policy would have to be collapsed and that money used to help pay creditors - it is worth about 10,000, the person still pays a monthly installment for it, and it is the only asset she has. Thank you,

In early 2015 the Ontario Government announced dramatic changes to the law in Ontario regulating the debt settlement industry, effective July 1, 2015.